Monday, 18 March 2013

Economy News Headlines - Yahoo! News: Venezuela to unveil new forex system details on Tuesday

Economy News Headlines - Yahoo! News
Get the latest economy news headlines from Yahoo! News. Find breaking economy news, including analysis and opinion on top economy stories, photos and more.
Venezuela to unveil new forex system details on Tuesday
Mar 19th 2013, 02:22

CARACAS (Reuters) - Venezuela will launch a new "complementary" system to bolster the official foreign exchange system, and full details will be given on Tuesday, acting President Nicolas Maduro said. The government has been promising more economic measures to improve the supply of dollars within a system of strict currency controls introduced by the late socialist leader Hugo Chavez. In televised comments, Maduro said Venezuela's financial system had enough dollars to feed demand, and that the new arrangement would support the existing CADIVI currency board. ...

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